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National Credit Union Service Organization

WASATCH PEAKS FEDERAL CREDIT UNION
— Statement of Financial Condition

Then NCUA provides quarterly Call Reports using accounting and statistical information from each credit union. The Call Report includes Balance Sheet, Income Statement and more.

Statement of financial condition for WASATCH PEAKS FEDERAL CREDIT UNION as of: December 31, 2021.
Charter Number: 24780

ASSETS$ Amount
CASH:  
 1. Cash on Hand 3,664,470
 2. Cash on Deposit (Amounts Deposited in Financial Institutions) 21,542,529
 3. Cash Equivalents (Investments with Original Maturities of Three Months or Less) 0
INVESTMENTS:  
 4. Equity Securities 0
 5. Trading Debut Securities 0
 6. Available-for-Sale Debt Securities 790,080
 7. Held-to-Maturity Debt Securities 0
 8. Deposits in commercial banks, S&Ls, savings banks 0
 9. Loans to and investments in natural person credit unions 0
 10. Nonperpetual Capital Account 0
 11. Perpetual Contributed Capital 1,235,975
 12. All other investments in corporate credit unions 0
 13. All other investments 1,434,683
 14. TOTAL INVESTMENTS 3,460,738
LOANS HELD FOR SALE:  
 15. Loans Held for Sale 0
LOANS AND LEASES:  
 16. TOTAL LOANS & LEASES 381,923,996
 17. Less: Allowance for Loan & Lease Losses 1,897,887
 18: Less: Allowance for Credit Losses on Loans & Leases 0
OTHER ASSETS:  
 19. Foreclosed and Repossessed Assets 56,946
 20. Land and Building 16,335,482
 21. Other Fixed Assets 2,479,810
 22. NCUA Share Insurance Capitalization Deposit 3,686,829
 23. Intangible Assets 4,340,835
 24. Other Assets 29,425,177
25. TOTAL ASSETS 465,018,925
LIABILITIES$ Amount
 1. Draws Against Lines of Credit 0
 2. Other Notes, Promissory Notes and Interest Payable 0
 3. Borrowing Repurchase Transactions 0
 4. Subordinated Debt 0
 5. Subordinated Debt included in Net Worth 0
 6. TOTALS 0
 7. Non-Trading Derivative Liabilities 0
 8. Accrued Dividends & Interest Payable on Shares & Deposits 0
 9. Accounts Payable and Other Liabilities 1,779,174
 10. Allowance for Credit Losses on Off-Balance Sheet Credit Exposures 0
SHARES/DEPOSITS:  
 11. Share Drafts 94,167,923
 12. Regular Shares 159,106,882
 13. Money Market Shares 78,934,710
 14. Share Certificates 67,092,669
 15. IRA/KEOGH Accounts 13,984,960
 16. All Other Shares 406,558
 17. TOTAL SHARES 413,693,702
 18. Nonmember Deposits 0
 19. TOTAL SHARES AND DEPOSITS 413,693,702
20. TOTAL LIABILITIES  
 21. Accounts Held by Member Public Units 679,000
 22. Accounts Held by Nonmember Public Units 0
 23. Employee Benefit Member Shares 0
 24. Employee Benefit Nonmember Shares 0
 25. 529 Plan Member Deposits 0
 26. Non-dollar denominated deposits 0
 27. Health Savings Account 404,989
 28. Dollar Amount of Share Certificates equal to or greater than $100,000 (Excluding brokered share certificates participated out by the broker in shares of less than $100,000) 30,249,995
 29. Dollar Amount of IRA/Keogh Accounts equal to or greater than $100,000 3,934,776
 30. Dollar Amount of Share Drafts Swept to Regular Shares or Money Market Accts as part of Sweep Program 0
 31. Dollar Amount of Commercial Share Accounts 21,523,250
 32. Negative Shares Included in All Other Unsecured Loans/Lines of Credit 75,402
EQUITY:  
 33. Undivided Earnings 36,607,229
 34. Regular Reserves 2,862,236
 35. Appropriation for Non-Conforming Investments (State Credit Unions ONLY) 0
 36. Other Reserves.(Appropriations of Undivided Earnings) 0
 37. Equity Acquired in Merger 10,078,504
 38. Miscellaneous Equity 0
 39. Other Comprehensive Income (not already included in items 40 - 43) 0
 40. Accumulated Unrealized Net Gains (Losses) on Cash Flow Hedges 0
 41. Accumulated Unrealized Gains (Losses) on Available for Sale Debt Securities -1,920
 42. Accumulated Unrealized Losses for OTTI (Due to Other Factors) on HTM Debt Securities 0
 43. Net Income (unless this amount is already included in Undivided Earnings) 0
44. TOTAL LIABILITIES, SHARES, AND EQUITY 465,018,925
Statement of Income & Expense$ Amount
INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 1. Interest on Loans (Gross-before interest refunds) 14,878,839
 2. (Less) Interest Refunded 0
 3. Income from Investments (Including Interest and Dividends, excluding securities held in a trading account) 319,000
 4. Unrealized Gain (Loss) due to change in fair value of Equity and Trading Debt Securities 0
 5. TOTAL INTEREST INCOME 15,197,839
INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 6. Dividends on Shares (Includes dividends earned during current period) 1,414,879
 7. Interest on Deposits (Total interest expense for deposit accounts) (State Credit Union ONLY) 0
 8. Interest on Borrowed Money 0
 9. TOTAL INTEREST EXPENSE 1,414,879
 10. Provision for Loan & Lease Losses 388,857
 11. Total Credit Loss Expense 0
 12. NET INTEREST INCOME AFTER PROVISION FOR LOAN AND LEASE LOSSES or CREDIT LOSS EXPENSE 13,394,103
NON-INTEREST INCOME YEAR-TO-DATE FOR THE CYCLE  
 13. Fee Income 3,390,910
 14. Other Operating Income (Includes unconsolidated CUSO Income and Gain (Loss) associated with the Hedged Item (NonInvestment Assets) in a Non-Trading, Fair Value (FV) Derivatives Hedge) 0
 15. Gain (Loss) on Equity Securities (DO NOT include Gain (Loss) on other securities) 0
 16. Gain (Loss) on Other Securities (DO NOT include Gain or Loss on Equity Securities) 0
 17. Gain (Loss) on Non-Trading Derivatives 0
 18. Gain (Loss) on Disposition of Fixed Assets 0
 19. Gain from Bargain Purchase (Merger) 0
 20. Other Non-operating Income (Expense) 51,362
 21. TOTAL NON-INTEREST INCOME 8,429,890
NON-INTEREST EXPENSE YEAR-TO-DATE FOR THE CYCLE  
 22. Total Employee Compensation and Benefits 9,117,570
 23. Travel and Conference Expense 154,588
 24. Office Occupancy Expense 1,064,708
 25. Office Operations Expense 2,702,023
 26. Educational and Promotional Expenses 668,188
 27. Loan Servicing Expense 973,016
 28. Professional and Outside Services 772,749
 29. Total Member Insurance 0
 30. Operating Fees (Examination and/or supervision fees) 80,576
 31. Miscellaneous Operating Expenses 284,054
 32. TOTAL NON-INTEREST EXPENSE 15,817,472
33. NET INCOME (LOSS) 6,006,521
RESERVE TRANSFERS YEAR-TO-DATE FOR THE CYCLE  
 34. Transfer to Regular Reserves 0
Interest Rate# LoansAmount
Non-Commercial Loans/Lines of Credit
 1. Unsecured Credit Card Loans8.505,498$5,149,226
 2. Payday Alternative Loans (PALs I and PALs II)0.000$0
 3. Non-Federally Guaranteed Student Loans0.000$0
 4. All Other Unsecured Loans/Lines of Credit - include SBA PPP loans12.007,077$9,966,803
 5. New Vehicle Loans2.75764$22,345,654
 6. Used Vehicle Loans2.753,731$57,336,048
 7. Leases Receivable0.000$0
 8. All Other Secured Non-Real Estate Loans/Lines of Credit6.001,548$33,033,784
 9. Loans/Lines of Credit Secured by a First Lien on a single 1- to 4- Family Residential Property3.25674$88,324,576
 10. Loans/Lines of Credit Secured by a Junior Lien on a single 1- to 4- Family Residential Property5.25485$17,328,710
 11. All Other Real Estate Loans/Lines of Credit0.000$0
Commercial Loans / Lines of Credit
 12. Commercial Loans/Lines of Credit Real Estate Secured3.75171$140,953,508
 13. Commercial Loans/Lines of Credit Not Real Estate Secured4.5098$7,485,687
 14. TOTAL LOANS & LEASES20,046$381,923,996
YEAR-TO-DATE LOAN INFORMATIONNumberAmount
 15. Loans Granted Year-to-Date3,858$257,905,619
  a. Payday Alternative Loans (PALs I and PALs II) Granted Year-to-Date0$0
MISCELLANEOUS LOAN INFORMATIONNumberAmount
 16. Non-Federally Guaranteed Student Loans in Deferred Status0$0
 17. Loans Outstanding to Credit Union Officials and Senior Executive Staff72$1,982,608
GOVERNMENT GUARANTEED LOANSNumberOutstanding BalanceGuaranteed Portion
 18. Non-Commercial Loans  
  a. 1. Small Business Administration171$11,449,343$10,522,475
  a. 2. Paycheck Protection Program Loans (Included in 18.a.1.)138$8,256,085-
  b. Other Government Guaranteed0$0$0
 19. Commercial Loans  
  a. Small Business Administration32$3,191,733$2,190,783
  b. Other Government Guaranteed0$0$0